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The Lakshmi Vilas Bank - (Amalgamation): Supersession Of The Board Of Directors & Appointment Of Administrator By Reserve Bank Of India And The Lakshmi Vilas Bank Ltd. Placed Under Moratorium. (Intimation Under Regulation 30 Of SEBI LODR)


With reference to the above please find attached herewith the following:

Notification issued by Department of Financial Services Ministry of Finance

Press release issued by Reserve Bank of India

In line with the above Shri TN Manoharan former Non Executive Chairman of Canara Bank has been appointed as the Administrator by the Reserve Bank of India under Section 36ACA(2) of the Banking Regulation Act 1949 with effect from today.

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